Small business resources for tax filing

About My Business Account – Dealing with the CRA from a secure online portal on various business accounts, including GST/HST, payroll, corporation income tax, excise tax, and excise duties. Bringing…

What is My Business Account and how do I register?

My Business Account is a secure online portal that provides an opportunity to interact electronically with the CRA on various business accounts. Business accounts include…

Here are the top changes that will affect business taxes in 2024

Canada Pension Plan – What’s new in 2024 Here’s what’s changing for the Canada Pension Plan (CPP) in 2024: Changes to mandatory electronic filing thresholds…

File your 2023 corporate income tax return now to get the Canada Carbon Rebate for Small Businesses

Retroactive payments will be issued to eligible Canadian-controlled private corporations (CCPCs) with respect to the 2019-2020 to 2023-2024 fuel charge years. To be eligible for the rebate for one or more…

How to apply now for the 100% GST/HST rebate for purpose-built rentals

 The Government of Canada is providing a 100% rebate on the Goods and Services Tax (GST), or the federal portion of the Harmonized Sales Tax (HST), on…

How to claim home office expenses

The Canada Revenue Agency is currently updating its webpages and Form T2200 for the 2023 tax year. The updated form, which will be made available…

Reporting requirements for the Canadian Dental Care Plan 

he Canadian Dental Care Plan (CDCP) will provide dental coverage for uninsured Canadians with an adjusted family net income of less than $90,000. There are…

Additional Canada Pension Plan (CPP) contributions required for 2024

On January 1, 2024, the government introduced a second earnings ceiling known as the Year’s Additional Maximum Pensionable Earnings (YAMPE). People who have income above the first…

First Home Savings Account (FHSA)

A first home savings account (FHSA) is a registered plan allowing a prospective first-time home buyer to save for your first home tax-free (up to…

Canada Revenue Agency (CRA) Employees Strike

On April 19, 2023, the Union of Taxation Employees (PSAC-UTE) members have gone on strike. As a result of PSAC-UTE’s decision to begin labour action, Canadians…